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On External Diseconomies and the Government-Assisted Invisible Hand

Bibliographic Data

ID9722322
AuthorsStanislaw Wellisz (corresponding author)
Year1964
Volume31
Issue124
Pages345
Publication date1964-11-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueEconomica (JOURNAL)
Journal identifiersISSN: 0013-0427 • E-ISSN: 1468-0335
PublisherJSTOR (PUBLISHER)
DOI10.2307/2550514
OpenAlexW2329121266
LanguageEN
Citations received17

I. THE MODERN-OLD APPROACH AND ITS LIMITATIONS The areas of economics in which theory is tailored to the theorist's political beliefs are steadily shrinking. Gone are the days of the dismal science and of theories protesting against the exploitation of man by man . Even the Keynesian controversies have simmered down. The gloom which descends upon us with the passing of the colourful era in which theory was pregnant with policies is still occasionally dispelled by welfare economics controversies. Welfare economics, more than any other field, lends itself to wishful theorizing. As Buchanan put it so aptly

Business · Diseconomies of scale · Economics · Government (linguistics) · Invisible hand · Microeconomics · Neoclassical economics · Economic Theory and Institutions · Philosophy

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Unique citing works17
Citations per year0,28
Citation span1966 - 2021 (56)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 10
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